Starting January 15… restricting the payment of rent for residential contracts through digital channels
The General Real Estate Authority revealed that it has begun restricting the financial transactions related to rent payment operations through digital channels in Ejar, starting from January 15, 2024 AD.
The Authority clarified that restricting payment through digital channels in Ejar includes all new residential lease contracts, noting that after this date, any proof of rent payment operations outside the framework of digital channels in Ejar (Mada and Sadad using the invoice number 153) will not be considered.
The decision does not include commercial contracts
She added that the restriction decision does not include commercial lease contracts
The Real Estate Authority stated that, starting from this date, it will begin to gradually stop issuing electronic receipt bonds for new residential contracts, as the payment will be settled automatically when paid through one of the digital channels, without the need to issue a receipt bond, in implementation of Cabinet Resolution No. (131) to make the necessary arrangements to provide Electronic payment service for lease contract payments.
She explained that it is in the interest of the beneficiaries of the real estate rental sector, which makes it easier for the tenant to pay his financial obligations through digital channels and deposit them in the bank account of the lessor registered in the lease contract.
Digital payment channels
The Real Estate Authority confirmed that this step begins with the landlord and tenant documenting the contract in Ejar through a real estate broker licensed by the Authority, and then starting to use the digital payment channels in Ejar to conduct payment operations, where the rental payment, after being paid through the digital channels in Ejar, arrives to the bank account of the lessor registered in the contract. Rental within 5 working days.
It is noteworthy that Ejar highlighted the advantages of digital payment, the most prominent of which were preserving the rights of the parties to the rental process, documenting financial payments, and not having to issue electronic receipts, in addition to enhancing electronic transactions, raising the level of transparency in real estate operations, reducing real estate fraud, and facilitating payment processes. On the tenant where partial payment can be made, according to the agreement between the two parties.